Michael Pento

Michael Pento is the President and Founder of Pento Portfolio Strategies, produces the weekly podcast called, “The Mid-week Reality Check”, is Host of The Pentonomics Program and Author of the book “The Coming Bond Market Collapse.”

Articles by Michael Pento

Central banks are incapable of saving economies or creating growth. The only thing a central bank can do is create inflation. These market manipulators set forth on a journey seven years ago to save the world by engaging in massive...
Wall Street analysts unanimously cheered last fall when the price of oil fell from nearly $100 a barrel in June of 2014, to almost $45 a barrel by the end of January 2015. The theory was that the average American family, paying less at the...
Despite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of...
Just like in the world of fashion, economic terminologies come in and out of vogue. One such economic term trending recently is Secular Stagnation.   First proposed by Keynesian economist Alvin Hansen back in the 1930s, Secular...
On a fundamental basis stock prices are reflective of both economic and earnings growth.  When growth is strong, stock prices should increase in value. And when economic activity decelerates or turns negative, stock prices should go...
The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are still extremely overvalued by virtually every metric, especially when viewed in the...
The Fed removed the word Patience from its statement made following the FOMC meeting that concluded on Wednesday.  But, taking out that one word proved to be mostly irrelevant. The removal of the patient language was more than offset...
In the movies, an edgy musical score is an effective tool that warns the audience something really bad is about to happen.  Like the shrill screech in Psycho, certain sound effects forebode impending doom. In like manner, economics...
Last Friday a photograph of a dress, whose exact colors were in doubt and became the subject of much debate, dominated the Internet. Not only is this a perfect example of the inane distractions that the public is fascinated with, but it is...
In 1982 the artist formally known as Prince released a popular party anthem called “1999”. The song was a premonition that 1999 would be a year we would all aspire to “party like”.  It was obvious that Prince was making reference to...

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Gold weakens on global cues and lackustre demand